Auto Talk: Bank of China to become Saab investor

Saab is showing its tenacious spirit more now than ever before, with word of another reworked proposal sliding across the desk. This latest plan, reports Automotive News, has the Bank of China assuming part ownership of Saab. The bank takes the place of Pang Da in a partnership with Youngman, and the hope is General Motors will find this latest arrangement suitable to approve where it had nixed previous proposals. Funk Flex

Auto Talk: Bank of China To Take Stake in Saab

According to several reports, Saab’s Dutch owner, Swedish Automobile, and China’s Youngman have agreed that the Bank of China will come in as part owner of the ailing Swedish carmaker. Read more after the jump… Funk Flex Find Flex on Google +

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